WSJ:Key Dollar, Sterling Borrowing Rates Fall; Euro Rate Steady
By Tommy Stubbington
The cost of borrowing dollars or sterling for three months in the London interbank market declined Tuesday, while the euro rate was unchanged.
Data from the British Bankers' Association showed the three-month dollar London Interbank Offered Rate, known as Libor, was 0.26620%, down from 0.26760% Monday.
The spread between the three-month dollar Libor and overnight index swaps, a barometer of market stress, narrowed to 15.8 basis points from 15.9 basis points.
The sterling rate fell to 0.50800% from 0.50938%, while the euro rate was unchanged at 0.14214%.
Write to Tommy Stubbington at tommy.stubbington@dowjones.com
